Page 5 - Latest Updates on Venture Capital
Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya Tech
At Aaritya, Vaz is now building a new-age trading platform for individual investors to help them trade and invest
 "Former Swiggy CTO Dale Vaz gets funding for new venture Aaritya Tech")
VC firm gradCapital launches $6 million fund for students' startups
The VC fund on Friday said it will offer a standard cheque of USD 40,000 (Rs 33 lakh) at 4 per cent equity in companies set up by students
 "VC firm gradCapital launches $6 million fund for students' startups")
Private equity, venture capital investments falls 5% to $3.9 bn in July
The number of transactions was down 26 per cent year-on-year (y-o-y) to 59 in July while month-on-month it slipped 20 per cent
 "Private equity, venture capital investments falls 5% to $3.9 bn in July")
Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months
Capital markets regulator Sebi reduced the validity period of approval given to alternative investment funds (AIFs) and venture capital funds (VCFs) for making overseas investments
 "Sebi reduces time limit for AIFs, VCs to invest overseas to 4 months")
Venture capital investment declines slightly to $77.4 bn in Q1: KPMG report
With regard to India, the report said despite a small uptick quarter-over-quarter, VC investment remained very subdued. The April-June quarter of 2022 saw over USD 8 billion in VC investment in India
 "Venture capital investment declines slightly to $77.4 bn in Q1: KPMG report")
Venture capital firm Cactus Venture Partners invests $4 mn in Kapture CX
Venture capital firm Cactus Venture Partners on Thursday said it has invested $4 million (about Rs 33 crore) in software-as-a-service (SaaS)-based customer support automation startup Kapture CX
 "Venture capital firm Cactus Venture Partners invests $4 mn in Kapture CX")
Together Fund announces new fund worth $150 mn; to focus on AI startups
Together Fund was founded by Girish Mathrubootham, (co-founder, Freshworks), Manav Garg, (founder, Eka Software) and Shubham Gupta, who used to lead SaaS deals at Matrix Partners India
 "Together Fund announces new fund worth $150 mn; to focus on AI startups")
VC investment in Indian startups declines by 76.4% YoY in H1 2023: Report
India is among the top five global markets in terms of both VC funding deal volume and value and has experienced a relatively higher impact compared to the US, China, and the UK
 "VC investment in Indian startups declines by 76.4% YoY in H1 2023: Report")
VC firm CoinFund raises $158 mn to back early-stage crypto startups
The New York-based firm had initially aimed for $125 million, but received more interest than expected, said Chief Executive Officer Jake Brukhman
 "VC firm CoinFund raises $158 mn to back early-stage crypto startups")
CapFort Ventures launches Rs 200 cr fund, will back 40 tech start-ups
VC firm says it expects institutional investors, family offices, ultra high net worth individuals to support fund
Byju's crisis prompts top India VC firm Blume Ventures to shift strategy
Perceived corporate governance lapses are sending shockwaves through the South Asian nation's fledgling startup economy
 "Byju's crisis prompts top India VC firm Blume Ventures to shift strategy")
Proptech firm Reloy raises Rs 7.2 cr from investors to grow business
The investment will be used to fuel the company's growth and expansion plans, the company said
 "Proptech firm Reloy raises Rs 7.2 cr from investors to grow business")
VC firm Omnivore announces first close of third fund at $150 million
Omnivore Agritech and Climate Sustainability Fund, launched last April, will focus on startups developing breakthrough tech for agriculture, food, climate, and rural economy
 "VC firm Omnivore announces first close of third fund at $150 million")
RTP Global closes $1bn fund, will make third of investments in India
Fund will invest in sectors that include artificial intelligence, enterprise software, fintech
 "RTP Global closes $1bn fund, will make third of investments in India")
Tiger Global Management falling short of $6 billion target for new fund
Last year was the firm's most tumultuous since its founding in 2001, but this year's surge in AI-related stocks has helped underpin a rebound for Tiger and other tech-focused hedge funds
 "Tiger Global Management falling short of $6 billion target for new fund")
VC firm Avaana Capital announces first close of climate tech fund at $70 mn
Fund will invest in sectors like energy transition, mobility and supply chains, sustainable agriculture
 "VC firm Avaana Capital announces first close of climate tech fund at $70 mn")
Climate-focused VC firm Avaana Capital raises $70 mn in first funding round
This is the first close in the Avaana Climate and Sustainability Fund, India's first tech-led climate fund, meaning it can start investing in companies while raising capital for its own fund
 "Climate-focused VC firm Avaana Capital raises $70 mn in first funding round")
PE/VCs investment in India falls 44% to $3.5 billion, says report
The dedicated funds had invested $6.2 billion in May 2022 and $7.4 billion in the preceding month of April 2023, representing a dip of 44 per cent and 52 per cent, respectively
Sebi likely to change rules to track investments in PE and VC funds
The market regulator is doing this to identify the investors and the source of the money
 "Sebi likely to change rules to track investments in PE and VC funds")
Sequoia's split sends warning to every company doing US-China business
Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China
 "Sequoia's split sends warning to every company doing US-China business")
